70,000 new affordable homes in india

The authorities in Haryana, northern India, have announced plans for a major residential project in Gurgaon...

Believed to be around five years in the planning, the 1,400-acre project will be built in the Southern periphery of Gurgaon, and will provide housing to around 70,000 families.

Haryana Urban Development Authority will develop 1,000 acres, while the rest will be developed by private players like Emmar-MGF and DLF, with completion earmarked for late next year.

The prices of the news homes have not yet been determined, but it is believed that they will be offered at a much cheaper rate compared to existing homes in Gurgao.

TC Gupta, director, town and country planning and special secretary, housing told the press: "We have decided to deviate from the earlier practise by readying complete infrastructure on the site before unveiling the housing schemes by Huda or private builders. Our other guidelines for housing poor and economically weaker sections remain unchanged."

Source: www.homesoverseas.co.uk/news